Charles Owusu Leads PHDC Team To Update People Of Jomoro On Petroleum Hub

The Chief Executive Officer of the Petroleum Hub Development Corporation (PHDC) Mr Charles Owusu has led his Operations and Technical Team to engage the Chiefs and people of the Western Nzema Traditional Area.

This forms part of the Corporation’s periodic engagements with the people of the area to update them on the progress of work done in preparation for setting up Africa’s first Petroleum and Petrochemical Hub in the Jomoro enclave.

Addressing a forum at the Assembly Hall of Jomoro Municipal Assembly, Mr Owusu emphasized the government’s commitment to ensuring that the estimated $60 Billion investment sees the light of day this year- 2023.

He recounted several operational activities that have been completed in the acquisition of the 20,000-acre land required for the project.

He indicated that all the necessary documentation required has been submitted pending cabinet approval and issuance of an executive instrument to complete the land acquisition processes from the chiefs and people of the enclave.

Mr Owusu further explained that the Corporation is at an advanced stage in their discussions and negotiations with an investor to sign phase one for the project to commence.

He assured the people that deserving compensations as per the constitution will be paid to affected farmers, landowners and communities after the process of compulsory land acquisition are fully completed.

He entreated the people of Jomoro, especially communities directly affected by the project to keep being optimistic and support the project to succeed.